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Your play-by-play for the end game of modern banking.
"Imploded*" Banks:
General Implodes
FDIC Failed Banks
Failed Credit Unions
Credit Union Conservatorships
Writedown Rundown & General Distress:
Name - ($) writedowns so far (does not include loss reserve increases or remaining exposure)
- Societe Generale SA- $13.7 /$8.5B
- Morgan Stanley - $16.1B
- Lehman Brothers - $7.2B
- Goldman Sachs - $5.4B
- RBS - $3.6B/$24 B
- HSBC Bank PLC - $5.3B
- Citigroup - $67.1B/$36B
- Merrill Lynch - $32.2B
- Washington Mutual - $1.6B
- Fifth Third Bancorp - $155M
- WestLB AG - $3.14B
- HBOS PLC - $2.5B
- Bank of America - $4.4B
- Deutsche Bank - $11.3B
- National City - $200M
- JP Morgan Chase - $9.9B
- US Bancorp - $1.2B
- Wells Fargo - $2.9B
- Wachovia - $6.8B/$10.5B
- Barclays PLC - $3.1B?
- SunTrust - $718.7M-$1.5 B
- Mitsubishi Financial Group - $510M
- Mizuho MFG - $5.4B
- Bank of NY Mellon - $118M
- Sovereign Bancorp - $1.580B
- Bayern LB - $6.7B
- UBS - $38.0B/$26.5B
- IKB - $12.91B
- Bank of Montreal (BMO) - $639M
- DZ BANK AG - $2.1B
- HSBC - $26.5B
- ABN AMRO Group - $2.4B
- Royal Bank of Canada - $544M
- Canadian Imperial Bank of Commerce - $3.2B
- Credit Suisse - $5.95B
- Natixis - $1.8B
- Commerzbank - $855M
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Top Banking Bust News Network Pickups:
- Inflation Is Public Enemy Number One [2008-05-14] - The following is adapted from my letter to columnist Thomas Frank. --Aaron Krowne I just read your WSJ column "Our Great Econo...
- CDOs Flicker to Life With Babson, Deutsche Takeovers [2008-05-14] - While CDO firms are starting to revive sales of securities backed by leveraged loans, the market for deals comprising mortgage ...
- Banks Show Elevated Reluctance To Lend [2008-05-14] - "There is an elevated amount of reluctance from banks to lend, according to Boston Fed President Eric Rosengren, speaking Wednes...
- The Fed's Balance Sheet [2008-05-14] - "Dr. Janet Yellen presented at the Certified Financial Analysts Institute Annual Conference yesterday. The slide show that accom...
- For IndyMac, Another Ratings Cut; Capital Raise Looming? [2008-05-14] - "Fitch Ratings cut its core credit ratings on IndyMac Bancorp Inc. (IMB: 2.05, -11.64%) for the second time this year late Tuesd...
- Impac Delays Q1 Earnings; Expects Loss - [2008-05-14]
- JP Morgan's $6 billion Bear Stearns reserve proving to be too low so far - [2008-05-14]
- US Inflation Miracle Continues - [2008-05-14]
- "China's Long-Term Prospects Look Grim" and the Rest of the World Doesn't Look So Hot Either - [2008-05-14]
- U.S. Foreclosures Rise 65 Percent as Vacated Homes Add to Glut - [2008-05-14]
- ING's Net Income Falls 19% as Investments Decline - [2008-05-14]
- BNP Paribas First-Quarter Net Falls on Writedowns - [2008-05-14]
- Republican Senators Question Fannie Mae’s Capital Position - [2008-05-13]
Latest Forum posts:
- FDIC: ANB Financial, NA, Bentonville, AR - http://www.fdic.gov/bank/individual/failed/anb.html The FDIC has closed this bank. I believe this qualifies as "imploded&q... (Fri 5/09)
- RE: Dishonor an Indian Burial Ground, Lose Your Business - Amazing story. Being 50% native I particularly enjoy the irony. I have an ex-client also suffering Indian burial ground revenge... (Fri 5/09)
- RE: washington mutual layoffs - Washington Mutual is simply a garbage outfit. I've dealt with so many people in their various departments and been shocked as t... (Tue 4/29)
- RE: $1.3 Billion Loan Syndicated by Barclay's Capital to Tank - Wow, good finds and sleuthing! ... (Tue 4/29)
- Downturn in South FLA real estate market hurts local banks - At year-end 2007, Hallandale Beach-based Home Federal Bank of Hollywood reported 4.91 percent of its loans were nonperforming, ... (Tue 4/29)
Useful Bank-Implode Background Information
"Honest Abe" Capitalists
Discount Windows
Central Banks
Solutions & Alternatives
Accounting - FAS 157/159
Blogroll
Economics & Finance:
- iTulip
- Russ Winter
- Naked Capitalism
- Mish's Global Econ.
- TheMessThatGreenspanMade
- Roubini Global Econ.
- Immobilienblasen
- Charles Hugh Smith
- The Big Picture
- Market Ticker
- "Boom, Bust & Bling"
- Paper Money Blog
- EconomyInCrisis
Mortgage and Credit:
(link to this site as: bankimplode.com, bank-implode.com, or banks-implode.com)
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"Imploded" Banks: The "imploded" list contains banks which have gone through some sort of permanent adverse change. This of course includes regulator-declared "faiures" and conservatorships/receiverships, as well as private sector events such as "firesale" buyouts. While the financial entity may continue to operate, we post them here if they would not otherwise continue without some sort of "rescue". We focus on "implosions" since 2006. Usage Note: This site changes rapidly, and some information may be inaccurate (particularly if it is very recent). You should always check other sources regarding information found here, and check with the companies themselves if you plan on doing business with them. And as always, please let us know if you have corrections, clarifications, or additions. Legal disclosure: While we do strive to confirm all information presented here and qualify all doubtful items, the information on this site is neither definitive nor should it be construed as professional advice. It is a community site that depends on community feedback. Factual or alleged factual information presented here does not originate from bankimplode, and all commentary is purely the opinion of the author(s) of this site, unless otherwise quoted from other sources. You should consult your business party or a finance professional before making any decisions based on information found at this site. Financial disclosure (good faith): The contributors to this site may, from time to time, hold short (or long) positions in mentioned and related companies.  The content of this site is available under a Creative Commons Attribution 2.5 License. |